Short

Updated

eurusd reversal trade short

I see bearish divergence and other bearish signs on other private indicators

Trade active

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In the worst case

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You can look at the charts in different ways

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This is another point of view

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Still showing weakness in the indicator

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At this point I'm looking how the market will react. If this happens I will close the trade.

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If my Ultimate Indicator is crossing the 30 it's time to close even if my tp is not hit

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Patterns

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There's also a possible crab pattern but I think this is unlikely to come out. Although it's possible to come almost out and then it will hit easily 1,1460 and maybe lower. But if the price drops below 1,1460, at this time I will waiting and look to buy after the crab came fully out.

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As expected, the crab pattern will not come out.

Trade closed manually

Maybe a bit early, I've decided to close the trade because I see a possible rebound on the H1 - H4 and prefer to close this trade and re-enter later

Manu76

Related publications

wave analyse

by Manu76

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